LGT Fund Management Co Ltd. Trims Stock Holdings in Rollins, Inc. $ROL

LGT Fund Management Co Ltd. reduced its holdings in shares of Rollins, Inc. (NYSE:ROL) by 44.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 29,000 shares of the business services provider’s stock after selling 23,500 shares during the period. LGT Fund Management Co Ltd.’s holdings in Rollins were worth $1,549,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Rollins by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock worth $1,663,000 after purchasing an additional 1,620 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Rollins by 16.7% in the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after purchasing an additional 918 shares during the last quarter. Woodline Partners LP increased its stake in Rollins by 40.7% in the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after buying an additional 6,859 shares during the period. Geneos Wealth Management Inc. increased its stake in Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after buying an additional 375 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Rollins by 185.0% during the 2nd quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock valued at $20,803,000 after buying an additional 239,361 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analysts Set New Price Targets

ROL has been the subject of several research reports. Loop Capital initiated coverage on shares of Rollins in a research report on Monday, April 13th. They issued a “hold” rating and a $56.00 price objective for the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $67.00 price target on shares of Rollins in a research note on Thursday, April 23rd. Wells Fargo & Company set a $46.00 price target on Rollins and gave the company an “equal weight” rating in a report on Thursday, June 25th. Canaccord Genuity Group set a $51.00 price objective on Rollins and gave the stock a “hold” rating in a research note on Friday, April 24th. Finally, Rothschild & Co Redburn set a $66.00 price target on Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rollins currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.71.

Rollins Stock Up 0.1%

ROL stock opened at $44.52 on Monday. The firm’s fifty day simple moving average is $48.18 and its 200-day simple moving average is $54.91. The company has a market capitalization of $21.44 billion, a P/E ratio of 40.85, a price-to-earnings-growth ratio of 2.72 and a beta of 0.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59. Rollins, Inc. has a 12 month low of $41.50 and a 12 month high of $66.14.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The business had revenue of $906.42 million for the quarter, compared to analysts’ expectations of $895.17 million. During the same quarter last year, the company earned $0.22 EPS. The business’s revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts forecast that Rollins, Inc. will post 1.25 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were paid a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, May 11th. Rollins’s payout ratio is 66.97%.

About Rollins

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.